Neutral tone within tight band against US Dollar – UOB

Neutral tone within tight band against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a neutral stance on USD/CNH, expecting intraday consolidation between 6.7760 and 6.7880 after recent directionless trading. On a 1–3 week horizon, the pair is seen holding a broader 6.7620–6.7980 range. Over 1–3 months, they anticipate USD/CNH will continue grinding lower, though it is […]

Gradual grind lower toward 0.6975 – UOB

Gradual grind lower toward 0.6975 – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on AUD/USD after the pair closed below 0.7000, though downside momentum is still described as modest. Intraday, they look for further slippage but doubts a clean break of 0.6975. Over 1–3 weeks, price action is seen grinding toward 0.6975, with […]

Euro hesitates near lows against the British Pound with the ECB in focus

Euro hesitates near lows against the British Pound with the ECB in focus

The Euro (EUR) is going through a nervous consolidation against the  British Pound (GBP) on Thursday, with price action hovering around 0.8625, a few pips above two-week lows at 0.8620. The pair remains on the defensive, awaiting the outcome of the European Central Bank’s (ECB) monetary policy decision, while escalating tensions in the Middle East […]